China Promotes Plans for January Meeting with U.S.

US trade delegation to travel to China next month: Report

US trade delegation to travel to China next month: Report

Bloomberg reported that a US trade team will travel to Beijing on the second week of January to hold talks with Chinese officials. The team will be led by Deputy US Trade Representative Jeffrey Gerrish and include David Malpass, the Treasury undersecretary for global affairs, according to the report.

Trade negotiators from China and the United States are planning to meet in January for talks, Beijing said Thursday, but stopped short of confirming the exact date or location.

The meeting next month will be the first meeting of the two leaders, U.S. President Donald Trump and China's President Xi Jinping, since their talks in Buenos Aires on December 1.

Top US officials who have spearheaded the trade negotiations thus far - including US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin - will, however, not be making the trip.

At the meeting in Buenos Aires, the two leaders agreed to a 90-day truce in the trade war between the world's two largest economies. Beijing recently announced a third round of tariff cuts, lowering the duties on more than 700 goods starting January first.

On Sunday, Beijing's commerce ministry said China and the United States "made new progress" on the issues of trade balance and intellectual property during a phone call between officials from the two countries. President Donald Trump has agreed to put on hold a scheduled increase in tariffs on some $200 billion in annual imports from China while the negotiations take place.




China, meanwhile, wants the U.S.to remove the punitive tariffs that have been imposed and not add new ones, but suspects the USA will ask for more before it agrees to do that, the people said. He is pushing the Asian nation to reduce trade barriers and stop alleged theft of intellectual property. The two leaders also agreed to launch new talks while the United States delayed a planned January 1 tariff increase until March 2.

The two sides are maintaining "close communication", Gao said.

U.S. President Donald Trump and Chinese President Xi Jinping (R) shake hands prior to a meeting on the sidelines of the G20 Summit in Hamburg, Germany, July 8, 2017.

"Despite the American side now having Christmas holidays", USA and China trade teams have "maintained close communication", ministry spokesperson Gao Feng said.

Ministry spokesperson Gao Feng said at a press conference here that both countries were finalising the details of the meeting.

In response to the United States effort, China started importing US soybeans for the first time in six months.

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